Momentum Telecom Acquires CloudNet Group
November 30, 2018
Momentum Telecom acquired CloudNet Group, a Phoenix-based communications provider, to strengthen its cloud voice and unified communications market share and broaden its solution portfolio with offerings such as SD-WAN, contact center and vertical go-to-market capabilities. Terms were not disclosed; Bradley Arant Boult Cummings served as legal counsel to Momentum and LoHi Merchant Bank was CloudNet Group’s exclusive investment banker.
- Buyers
- Momentum Telecom
- Targets
- CloudNet Group
- Industry
- Telecommunications
- Location
- Arizona, United States
- Transaction Type
- Buyout
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